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Randomized response technique: The procedure for collecting the information on sensitive issues by means of the survey, in which an element of chance is introduced as to what query a respondent has to answer. In the survey about abortion, for instance, a woman may be posed both the questions 'have you had an abortion' and 'have you never had an abortion', and is asked to respond to one or the other depending on the outcome of a randomizing device in her control. The response is now not revealing since no one except the respondent knows which question has been answered. Yet the data attained can be used to estimate the quantities of interest, here, for instance, the proportion of women who have had an abortion (π); if the probability of selecting the question 'have you had an abortion', P, is known and is not equal to 0.5. If y is the proportion of 'yes' answers to this question in a random sample of n respondents, one estimator of π can be given by the following formula This estimator is unbiased and has the variance, V
Prevalence : The measure of the number of people in a population who have a certain disease at a given point in time. It c an be measured by two methods, as point prevalence and p
Briefly explain the importance of forecasting for managers?
#q A paper mill products two grade of paper viz., X & Y. Because of raw material restriction, it cannot produce more than 400 tons of grade X paper & 300 tons of grade Y paper in a
The regression analysis is used to fit a model describing the relationship of a dependent variable with independent variable(s). Here we have fitted three regression models:
wat iz z difference b/n logistic regression and multiple regression analysis /
Clustered data : The term applied to both the data in which the sampling units are grouped into the clusters sharing some common feature, for instance families or geographical reg
The graphic representation of the alternatives in a decision making problem which summarizes all the possibilities foreseen by the decision maker. For instance, suppose we are give
elements , importance, limitation, and theories
The graphical method for studying the behavior of the seasonal time series. In such a plot, the January values of seasonal component are graphed for the upcoming years, then the
Collective risk models : The models applied to insurance portfolios which do not create direct reference to the risk characteristics of individual members of the portfolio when des
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